Per a Financial Times brief, The Hut Group (THG) "which is valued at more than 4 billion pounds ($5.17 billion)," is exploring an IPO with several investment banks.
The company recently surpassed $1 billion in sales and has signed more than £100 million worth of technology services partnerships with a range of marquee names, including Elemis, PZ Cussons Beauty, Burt’s Bees, Nuxe, By Terry and Revolution Beauty.
Previously: The Hut Group to create 500+ jobs.
Under the agreement, THG will help accelerate each brand’s direct-to-consumer (“DTC”) transitions to meet rising online demand. The partnerships reflect THG's growing prowess with international distribution infrastructure and localized market knowledge.
Each brand will access THG Ingenuity’s e-commerce solutions, including a proprietary DTC technology platform and international fulfilment and payments infrastructure.